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Dual roles for Gary Duggan at Tesco Bank


By Karen Peattie
TESCO Bank has confirmed that Gary Duggan will take on the dual roles of interim chief executive of Tesco Underwriting and interim chief insurance officer at Tesco Bank, subject to regulatory approval.
The bank completed its acquisition of Ageas UK’s stake in Tesco Underwriting in May, creating an end-to-end insurance business that is “uniquely positioned to help Tesco shoppers protect their cars and homes”.
Edinburgh-based Tesco Bank acquired Ageas’s 50.1 per cent stake for £123 million, which included reimbursement of a £21m internal loan.
The acquisition was funded from Tesco Bank’s cash reserves and strengthens it presence in the Scottish banking where well over 2,000 of its 4,000 employees are based. ....

Glasgow City , United Kingdom , City Of , Steve Kingshott , Gerry Mallon , Tesco Bank , Saga Services , Broker Network , Ageas United Kingdom , Tesco Underwriting , Oxbow Partners , கிளாஸ்கோ நகரம் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஜெர்ரி மல்லன் , டெஸ்கோ வங்கி , சாகா சேவைகள் , தரகர் வலைப்பின்னல் , டெஸ்கோ எழுத்துறுதி , ஒக்ஷ்போவ் கூட்டாளர்கள் ,

Gary Duggan named Tesco Underwriting interim CEO

Gary Duggan named Tesco Underwriting interim CEO
insuranceage.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insuranceage.co.uk Daily Mail and Mail on Sunday newspapers.

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